Black Dragon Resource Companies Inc (BDGR)

[SLO-sider]

Lanza a crook?

I think this has been documented in a previous post:

Lanza is also a convicted felon. On April 2, 1997, he was convicted of tax evasion. Lanza was incarcerated for nearly a year at the Nellis Federal Penitentiary Center in North Las Vegas, Nevada.

Lanza’s activities have not gone unnoticed by the SEC. On October 19, 2000, Lanza entered into a Consent Judgment with the SEC for making “false and misleading statements in the course of recommending the purchase of Members [Service Corporation] stock.” He was required to disgorge $265,214 plus prejudgment interest of $239,085. Payment was waived, however, when Lanza provided an affidavit claiming that he was financially insolvent. The Commission’s Complaint alleged that the majority of the money was funneled to Lanza’s wife, Jayne Lanza. Lanza was permanently enjoined from violating Sections 5(a), 5(c), and 17(a) of the Securities Act, and Section 10(b) and rule 10b-5 of the Securities Exchange Act.

Doesn't being convicted of tax evasion and being enjoind NOT to participate in publicly held companies qualify for crookdom? IMO, that satisfies the definition, but to each his own...